Northfield Bancorp, Inc. (NFBK) Shares Sold by New York State Common Retirement Fund
New York State Common Retirement Fund decreased its position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 19.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 44,400 shares of the bank’s stock after selling 10,958 shares during the period. New York State Common Retirement Fund owned about 0.09% of Northfield Bancorp worth $770,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Northfield Bancorp by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,194,954 shares of the bank’s stock worth $54,794,000 after buying an additional 108,637 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Northfield Bancorp by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,919,386 shares of the bank’s stock worth $67,218,000 after buying an additional 72,692 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Northfield Bancorp by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,964,618 shares of the bank’s stock worth $33,693,000 after buying an additional 61,350 shares during the last quarter. State Street Corp grew its stake in shares of Northfield Bancorp by 3.1% in the 2nd quarter. State Street Corp now owns 1,193,509 shares of the bank’s stock worth $20,467,000 after buying an additional 36,329 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Northfield Bancorp by 24.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 143,656 shares of the bank’s stock worth $2,464,000 after buying an additional 28,390 shares during the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.
Several research firms recently weighed in on NFBK. BidaskClub downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price target on shares of Northfield Bancorp in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Northfield Bancorp in a research note on Friday, November 10th.
In related news, EVP Robin Lefkowitz sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.00, for a total value of $34,000.00. Following the transaction, the executive vice president now directly owns 30,433 shares of the company’s stock, valued at approximately $517,361. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.34% of the company’s stock.
Northfield Bancorp, Inc. (NASDAQ NFBK) opened at $16.87 on Friday. The stock has a market capitalization of $824.60, a P/E ratio of 22.80, a P/E/G ratio of 2.50 and a beta of 0.34. Northfield Bancorp, Inc. has a 12-month low of $15.35 and a 12-month high of $20.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 1.17.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $29.97 million for the quarter, compared to analysts’ expectations of $29.66 million. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. equities analysts anticipate that Northfield Bancorp, Inc. will post 0.73 earnings per share for the current fiscal year.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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